Six steps to project recovery
When projects start to go awry, an effective project recovery plan must quickly be deployed in order to preserve the project's value, assure stakeholders, and bolster team morale. This article outlines a six-step plan for restoring control over such projects. The first step is recovery intervention: the recognition that action needs to be taken, and when. Recovery assessment is the second step, or determining which project controls are working, and understanding the reasons for poor performance. A number of tools are discussed to help with this assessment. The third step is the formulation of intervention recommendations. Fourth is the formation of a recovery plan to implement those recommendations. The fifth step is the actual execution of the recovery plan, and the last step is recovery closure, or the establishment of normal project operations.